Have you ever wanted to found a tech company but needed the right idea? A California company called LaunchFactory has the ideas and is looking for founders to take them on – including in the legal tech space.

The company takes a decidedly unique path to launching companies. Rather than invest in existing startups, it identifies and vets startup ideas and then recruits entrepreneurs to launch them.

It provides these founders with $300,000 in seed capital, domain advisors, incubation tools and office space.

For 2021, one of the companies for which LaunchFactory is seeking founders is in legal technology, a vertical the company's founder and CEO Brad Chisum believes is ripe for disruption. A second company this year, involving data privacy, borders on legal tech.

On today's LawNext, we're joined by Chisum, who founded LaunchFactory after selling his former company to Google for $85 million, and by Alessandro Rinaldi, who, as director of innovation, leads the ideation of new startups.

Thank You To Our Sponsors

This episode of LawNext is generously made possible by our sponsors. We appreciate their support and hope you will check them out.

• Paradigm, home to the practice management platforms PracticePanther, Bill4Time, and MerusCase, and e-payments platform Headnote.
• XIRA.com, where clients find, book and meet with attorneys; and where attorneys get free, fully integrated practice management software.

• Everlaw, the cloud-based ediscovery platform for law firms, corporations, and government agencies.

• TrustBooks, the only standalone accounting product designed 100 percent for attorneys and law firms.

• Law Insider, producer of the show Contract Teardown, where they analyze the contracts that others are talking about.

A reminder that we are on Patreon. Subscribe to our page to be able to access show transcripts, or to submit a question for our guests.